Funding Societies, Southeast Asia’s largest SME digital financing platform, today released its regional Impact study. Its 2020 survey measures the social and economic impact of its funding to Funding Societies-linked MSMEs (micro, small and medium-sized enterprises) in 2018 and 2019 across Singapore, Indonesia, and Malaysia. 72% of the respondents said their revenues would decrease if …
As part of the 10-year partnership, Standard Chartered will invest an undisclosed amount in Atome Financial, which operates consumer credit platforms across Asia, the bank said in a statement Wednesday. Standard Chartered said the investment would be its largest one to date in a fintech company. The bank will also provide $500m financing …
While the focus on technology and Fintech development in the Asia-Pacific has been dominated by China and India, Southeast Asia likewise is emerging as an ideal location for Fintech companies to thrive due to its growing population open to new forms of financial services. The region’s top six economies (Singapore, Indonesia, Malaysia, the Philippines, Thailand …
The Southeast Asia region is home to more than 500 million people and is a critical part of the world trading system. Also, the region’s economy greatly depends on agriculture; rice and rubber have long been prominent exports, while manufacturing and services are becoming more important every year. Among the countries in the region we have Singapore, …
Funding Societies, a Southeast Asian SME digital financing platform, announced that it has made S$2 billion in disbursals of business financing to small and medium sized enterprises (SME) across the region as it enters its sixth year of operations. Funding Societies said that the amount is partly crowdfunded by over 200,000 retail investors on its …
As Southeast Asia sees an influx of economic and technological growth, the need for human capital development becomes increasingly critical. Schools in the region are competing to address this training gap, trying to innovate their curricula, expand the capacity of their classrooms, and scale their reach. This is a hard task for schools mainly because …
In 2021, digital lenders are poised to take full advantage of the strong, positive global sentiment that investors and consumers have towards Fintech. Some key digital-lending trends for this year are the following: 1) Continued positive momentum for digital lending and the Fintech industry: In Asia, there has been lots of Fintech activity, but there …
The demand for credit and financing has been growing exponentially in Asia, mainly at the request of SMEs. This has matched supply to demand, so new players have entered the market. However, this has caused many illegal businesses to be created, which are notorious for preying on consumers with limited financial literacy by charging exorbitant …